With two consecutive disappointing IPOs from Uber and Lyft, we wanted to measure the real sentiment of employees working at these companies and ask what they thought about Uber’s valuation.

Survey:

We asked our users to answer the question: What is your opinion on Uber’s valuation after IPO? They could answer with three options: “Overvalued,” “Adequately valued,” and “Undervalued”. The Survey ran from May 13 – May 15 and was answered by 6,436 users of the Blind app. Users could only answer once.

Results:

Uber employees had an overwhelming number of 77.09% of employees answering with “Undervalued”.

14.35% of Uber employees believe that their company was “adequately valued” and 8.57% believe they are “overvalued”.

“Considering the global size of the taxi market is roughly 100 billion, what kind of idiot predicts a larger valuation that the size of the entire segment when Uber isn’t delivering more sizeable services.” – Microsoft employee

“60bn is a decent valuation. I doubt it’ll change much over the next year or so.” – Microsoft employee